Katsina Ltd
Registered number: 07431219
Unaudited Financial Statements
For The Year Ended 31 January 2017
ICS Accounting
2 Mannin Way
Caton Road
Lancaster
Lancashire
LA1 3SU
Katsina Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountant's Report | 1 |
| Balance Sheet | 2 |
| Statement of Changes in Equity | 4 |
| Notes to the Financial Statements | 5—6 |
Katsina Ltd
Accountant's Report
For The Year Ended 31 January 2017
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 January 2017 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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2 Mannin Way
Caton Road
Lancaster
Lancashire
LA1 3SU
Page 1
Katsina Ltd
Balance Sheet
As at
31 January 2017
Balance Sheet
Registered number:
07431219
For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 40,865 | 46,786 | |||
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
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Page 2
Katsina Ltd
Balance Sheet (continued)
As at
31 January 2017
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Katsina Ltd
Statement of Changes in Equity
For The Year Ended 31 January 2017
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
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| £ | £ | £ | |
| As at 1 February 2015 |
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22,668 |
| Profit for the year and total comprehensive income | - |
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73,118 |
| Dividends paid | - | (49,000) | (49,000) |
| As at 31 January 2016 and 1 February 2016 |
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46,786 |
| Profit for the year and total comprehensive income | - |
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44,546 |
| Dividends paid | - | (50,467) | (50,467) |
| As at |
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40,865 |
Page 4
Katsina Ltd
Notes to the Unaudited Accounts
For The Year Ended 31 January 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
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| Sales, marketing and distribution |
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6.
Debtors
| 2017 | 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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| Amounts owed by other participating interests | - | 4,449 | |
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7.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Corporation tax |
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| Other taxes and social security | - |
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| VAT |
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| Director's loan account |
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Page 5
Katsina Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 January 2017
9.
Transactions With and Loans to Directors
Dividends paid to directors
| 2017 | 2016 | |
|---|---|---|
| £ | £ | |
| Ms Samantha Webb | 50,467 | 49,000 |
10.
Dividends
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 50,467 | 49,000 | ||
11.
Ultimate Controlling Party
The company's ultimate controlling party is Samantha Webb by virtue of her ownership of 100% of the issued share capital in the company.
12.
General Information
Katsina Ltd Registered number 07431219 is a limited by shares company incorporated in England & Wales. The Registered Office is Apartment 3, 117 Mount Wise, Newquay, TR7 1QR.
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